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Attachments: NEW Candles Formation Trading -Petar Formation
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NEW Candles Formation Trading -Petar Formation

  • #21
  • Aug 16, 2010 8:12pm Aug 16, 2010 8:12pm
Quoting LaTeCoMeR
i c what u meant

look for high/low or low high then spot the pull back candle as candle #1
follow by the leading candle then third

good spot
Look AUDUSD 2 setups on Daily,everything will be clear




Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: audusdd.gif Size: 15 KB
"Buy on fear, sell on greed !!!
  • #22
  • Aug 16, 2010 8:17pm Aug 16, 2010 8:17pm
Cable now :

Looks promising we will see,after sell setup and potencial 20 pips from that trade we got oposite formation






Petar
Attached Image (click to enlarge)
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"Buy on fear, sell on greed !!!
  • #23
  • Aug 16, 2010 8:42pm Aug 16, 2010 8:42pm
I didnt look for this pair but GBPCHF Buy setup we will see





Guys now i must go to sleep,post charts and green pips


I will answer on questions tomorow



Petar
Attached Image (click to enlarge)
Click to Enlarge Name: setup.gif Size: 16 KB
"Buy on fear, sell on greed !!!
  • #24
  • Aug 17, 2010 12:10am Aug 17, 2010 12:10am
Hello Petar. I hope you don't mind. I kind of invited myself. I was thinking I understand the leading is higher than previous and next candle on a sell. Got it. Opposite on buy. My main area of confusion is "ENTRY". So, here is my chance to pester you. I grabbed a 4h chart here AUDCAD. I highlighted some potential setups. I did not take the time to screen them for strict 50% rule which I am a little confused anyway. That wasn't the point of the operation. The was I marked each one and that way you could tell one or two or ANY that are good setups and where the heck I would enter these trades. I appreciate the feedback as always. Great job by the way. You are a great trader.
Attached Image (click to enlarge)
Click to Enlarge Name: audcad 4h aug 16 copy.jpg Size: 615 KB
  • #25
  • Edited 3:00am Aug 17, 2010 2:33am | Edited 3:00am
Quoting Josh44
Hello Petar. I hope you don't mind. I kind of invited myself. I was thinking I understand the leading is higher than previous and next candle on a sell. Got it. Opposite on buy. My main area of confusion is "ENTRY". So, here is my chance to pester you. I grabbed a 4h chart here AUDCAD. I highlighted some potential setups. I did not take the time to screen them for strict 50% rule which I am a little confused anyway. That wasn't the point of the operation. The was I marked each one and that way you could tell one or two or ANY that are good...
Hmm you didnt undestand well,

Your 3,4,5,6,7,8,9,10,11 are bad becouse Leading candle cant be larger than candle 1 and candle 2...

Thanks for kind words...


Cheers
"Buy on fear, sell on greed !!!
  • #26
  • Aug 17, 2010 2:44am Aug 17, 2010 2:44am
Quoting Petar_Serbia
Cable now :

Looks promising we will see,after sell setup and potencial 20 pips from that trade we got oposite formation






Petar
This one finished 30 pips and that was good setup 1:1 RRR

Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: 30pips.gif Size: 18 KB
"Buy on fear, sell on greed !!!
  • #27
  • Aug 17, 2010 2:53am Aug 17, 2010 2:53am
We mis this train,this was before 3 days but looks very good >

AUDUSD H4
Attached Image (click to enlarge)
Click to Enlarge Name: train.gif Size: 15 KB
"Buy on fear, sell on greed !!!
  • #28
  • Aug 17, 2010 2:53am Aug 17, 2010 2:53am
Nice work Petar
  • #29
  • Aug 17, 2010 3:01am Aug 17, 2010 3:01am
Quoting Hazarder
Nice work Petar
Thanks my friend
"Buy on fear, sell on greed !!!
  • #30
  • Aug 17, 2010 3:39am Aug 17, 2010 3:39am
I took Buy on NZDUSD we have good formation and i wont waiting candle to finish becouse i know this will be good setup we have high from todays candle and that high is higher from leading candle that is all i need,this can be invalid setup just in case that today price go down 120 pips wich is low posibility...




I will go for 100 pips also i added Fibs and looks very promising



Cheers

Petar
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd.gif Size: 15 KB
"Buy on fear, sell on greed !!!
  • #31
  • Aug 17, 2010 4:08am Aug 17, 2010 4:08am
Sweet! I hope you take many pips Petar.
  • #32
  • Aug 17, 2010 4:13am Aug 17, 2010 4:13am
this seems to be an interesting thread.

but your charts in post #1 didn't show up. can you re-load them?

thanks
meine augen sind die sterne
  • #33
  • Aug 17, 2010 4:37am Aug 17, 2010 4:37am
Quoting Josh44
Sweet! I hope you take many pips Petar.
Thanks i hope also
"Buy on fear, sell on greed !!!
  • #34
  • Aug 17, 2010 4:58am Aug 17, 2010 4:58am
Quoting Petar_Serbia
We mis this train,this was before 3 days but looks very good >

AUDUSD H4

It doesn't look like it met rule #2.

EDIT: I see now. I thought the leading candle had to close beyond the midpoint. You show several examples where it doesn't. It only has to protrude beyond it.
  • #35
  • Aug 17, 2010 4:58am Aug 17, 2010 4:58am
Quoting aserbfx
this seems to be an interesting thread.

but your charts in post #1 didn't show up. can you re-load them?

thanks
Thanks aserbfx,i see good charts on first page try to reload browser or restart comp


Petar
"Buy on fear, sell on greed !!!
  • #36
  • Aug 17, 2010 5:07am Aug 17, 2010 5:07am
Quoting billbss
It doesn't look like it met rule #2.

EDIT: I see now. I thought the leading candle had to close beyond the midpoint. You show several examples where it doesn't. It only has to protrude beyond it.
Yea you will see > All rules met >



This is chart >


Cheers

Petar
Attached Image (click to enlarge)
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"Buy on fear, sell on greed !!!
  • #37
  • Aug 17, 2010 5:19am Aug 17, 2010 5:19am
Maybe someone will drop by and make you an indicator flagging these setups.
  • #38
  • Aug 17, 2010 5:28am Aug 17, 2010 5:28am
Does leading candle have to be UP candle for buy setup and DOWN candle for sell setup?
  • #39
  • Aug 17, 2010 5:35am Aug 17, 2010 5:35am
Quoting Petar_Serbia
Thanks aserbfx,i see good charts on first page try to reload browser or restart comp
Petar
yes, you are right. it was a problem with my browser. everything is ok.
good luck with this thread.
meine augen sind die sterne
  • #40
  • Aug 17, 2010 5:39am Aug 17, 2010 5:39am
i still dont understand this method. can someone please explain it to me in simple terms ?
#
also, petar, how much success have you had with this ?
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